Meiwu Technology Reports H1 2026 Financial Results with 96% Revenue Growth; Net Loss Widens to $15.8 Million
Meiwu Technology Company Limited reported total net revenues of $4.87 million for the six months ended June 30, 2026, an increase of 96% compared to $2.48 million in the prior year period. The company reported a net loss of $15.85 million compared to a net loss of $1.36 million in H1 2025, driven primarily by a 1,363% increase in sales and marketing expenses to $11.74 million and $3.51 million in research and development expenses related to the MOBO App development. Gross profit margin remained flat at 13%. The...
Key takeaways
Revenue: Total net revenues of $4.87 million for H1 2026, up 96% year-over-year from $2.48 million, driven by functional skincare product sales
Profitability: Net loss widened to $15.85 million from $1.36 million loss in H1 2025, with operating expenses increasing 874% to $16.49 million
Segment shift: Functional skincare products accounted for 100% of revenue in H1 2026, up from 94.6%, as the company discontinued training services
R&D investment: Research and development expenses of $3.51 million incurred for MOBO App development, compared to zero R&D expenses in H1 2025
Sales and marketing: Expenses increased 1,363% to $11.74 million due to promotion and sales personnel expenses for functional skincare products
Capital raised: The company raised approximately $58.8 million through three equity transactions in 2026 (January best-efforts offering, March registered direct offering, May private placement)
Cash position: Cash increased to $54.01 million as of June 30, 2026 from $17.88 million as of December 31, 2025, driven by financing activities
Key metrics
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